Crypto Exchange Binance.US Expands Support for Dogecoin

Timor Invest
https://ift.tt/2BI3Gj8

The United States-based branch of major crypto exchange Binance, Binance.US, will add support for Dogecoin (DOGE), according to a blog post published on Oct. 24.

Binance.US’s users will be able to trade the DOGE/USDT pair from 09:00 p.m. EST on Oct. 24, while they can already start depositing the coin in advance of trading. Withdrawals will become available following the trading launch.

Binance.US gradually expands its offerings

Binance.US launched on Sept. 24, initially offering trading for fiat-to-crypto and crypto-to-crypto trading pairs. The trading pairs included major digital currencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and Tether (USDT).

On Sept. 24, Binance.US announced deposits for five more cryptocurrencies, which were Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX), subsequently opening trading with the coins.

Binance.US went on to open account registration and verification services for residents of Puerto Rico.

The exchange also recently announced that it holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the Federal Deposit Insurance Corporation, the U.S. government agency that backs citizens’ deposits in bank accounts.

As reported yesterday, Oct. 23, Binance.US exceeded $10 million in daily traded volume.

Binance’s recent noteworthy developments

Worth noting is that Binance is preparing to expand its token offering with the listing of Blockstack (STX), the first digital token offering to receive the go-ahead from the U.S. Securities and Exchange Commission and run a $23 million investment round under Regulation A+. Moreover, the exchange will soon add support for the Russian ruble.